TÜRKİYE. Groupe ADP company TAV Airports has posted first-half results with consolidated revenue increasing +5% year-on-year to €867.3 million. EBITDA increased +3% to €245 million with net profit reaching €8 million compared to a €50 million loss a year ago.
Crucially, duty-free spend per head – principally from TAV Airports’ 50% share in ATU Duty Free alongside Gebr. Heinemann – leapt +20% to €9.70. Duty-free revenue climbed +9% to €39.6 million.
TAV Airports said the sharp rise was driven by the opening of vast new space at Antalya International Airport (profiled by The Moodie Davitt Report in a recent visit), with Ankara Airport also supporting growth in the channel.
Food & beverage, mainly from TAV subsidiary BTA Catering, posted a +20% rise in revenues to €111.8 million. This too was supported by the performance of new operations at Antalya Airport.
Across TAV Airports’ network, non-aeronautical activity accounts for 41% of revenues.
TAV Airports served 48.2 million passengers in the half, up +1% compared to the same period last year. The company’s airports in Ankara, İzmir and North Macedonia continued to perform strongly, while Almaty delivered robust growth in international passenger traffic, said TAV.
TAV Airports CEO Serkan Kaptan said: “The first half of 2026 was a challenging period as global economic and geopolitical uncertainty continued. A strong Turkish Lira in real terms, geopolitical tensions in the Middle East and higher jet fuel prices put pressure on the aviation industry.
“Despite these challenges, we delivered stronger revenue and EBITDA growth than passenger traffic, supported by our diversified portfolio, operational flexibility and disciplined management.” ✈
